I believe the answer is a certification program. Hope it's right! :)
Answer:
a. each revenue account will be credited.
Explanation:
In accrual accounting revenues and expenses are realised and recorded when the revenues are earned or when expenses are incurred.
Temporary accounts are used to store balances from the revenue or expense activities of a business.
Eventually these accounts are closed out to permanent revenue and expense accounts. Revenues are credited to reflect income earned, and expenses are debited to reflect costs incurred.
Answer:
The answer to this question is a= µ=60/12=5 students/min
Explanation:
Solution
Given that:
λ=4 students / min
The Waiting time in Queue= λ /µ(µ- λ )==4/(5*(5-4))=0.8 min
The Number of students in the line L(q)= λ *W(q)= 4*.8= 3.2 students
TheNumber of students in the system L(q)= λ /(µ- λ )=4/(5-40=4 students
Then,
The Probability of system to be empty= P0= 1-P= 1-0.8= 0.2
Now,
If the management decides to add one more cashier with the same efficiency then we have
µ= 6 sec/student= 10 students/min.
so,
P= λ /µ =4/10=0.4
Now,
The probability that cafeteria is empty= P0= 1-0.4= 0.6
If we look at the above system traits, it is clear that the line is not empty and the students have to standby for 0.8 in the queue waiting to place their order and have it, also on an average there are 3.2 students in the queue and in the entry cafeteria there are 4 students who are waiting to be served.
If the management decides to hire one more cashier with the same work rate or ability, then the probability of the cafeteria being free moves higher from 0.2 to 0.6 so it suggests that the management must hire one additional cashier.
The question is not complete, last part of the question is missing which I write below;
Which of the following principles of economic interaction best describes this scenario?
And the answer is "trade can make everyone better off
".
Trade can make everyone better off in light of the fact that it enables nations or companies to work in what they excel at and to appreciate a more extensive assortment of products and ventures.
The three principles concerning economic interactions are:
(1) Trade can make everyone better off;
(2) Markets are generally a better way to arrange economic activity
(3) Governments can at times develop market outcomes.
